Condo - Condominium Act, Chapter 718, Florida Statutes

1. General Provisions:

• Definitions and guiding principles related to condominiums.

2. Administration of the Condominium Act:

• Creation, alteration, and termination of condominiums.
• Role and requirements for the Division of Florida Condominiums, Timeshares, and Mobile Homes.

3. Rights and Obligations of Developers:

• Rules on selling, leasing, and management.
• Limitations on developer control.
• Obligations for repair and warranties.

4. Rights and Obligations of Unit Owners:

• Rules for using the condominium property.
• Maintenance responsibilities.
• Alterations to the unit.

5. Association Governance:

• Formation and powers of the association.
• Board meetings, quorums, voting, and election procedures.
• Financial operations, budgeting, and assessments.
• Official records and access to those records.

6. Regulation by Division:

• Provides for oversight by the Division of Florida Condominiums, Timeshares, and Mobile Homes.
• Allows for penalties for violations of the Act.

7. Special Types of Condominiums:

• Provides rules for timeshares, commercial and industrial condominiums, and others.

8. Termination of Condominium:

• Procedures and requirements for termination.
• Protection for owners in the event of a termination.

9. Amendments to the Act:

• Describes how the Act can be updated or modified.

10. Miscellaneous:

• Other provisions not classified elsewhere, including insurance, warranties, and the role of the Ombudsman.

For more info visit Condo - Condominium Act, Chapter 718, Florida Statutes